Sunday, November 18, 2012

Purchasing Future Trends 2013 and Beyond

Traditional Purchasing organizations and jobs will transform more in the next 5 years than the previous 100 years The changes are beyond recent developments of:
  • Globalization,
  • LCC Sourcing,
  • Introduction of operational systems (SAP, Oracle),
  • Introduction of new tools (tablets, smart phones.
In fact it is arguable that any of the above items, which certainly have changed global business, have really changed how organizations purchase other than perhaps digitizing steps in the old process. (For example electronic requisition instead of paper ones)
However, even with the coming changes the is not necessarily an expensive implementation cost for software, consultants, hardware etc... As a result Fortune 100 companies do not have any real advantage in responding to changes to gain a competitive advantage over small to mid-sized companies. In fact because of the massive investment in enterprise solutions and processes they maybe at a disadvantage.
Before discussing the changes and what Purchasing and Supply people should do to prepare lets talk about what you should forget.
  • Being an expert with excel, access, worksheets etc.
  • Focus on cost savings.
  • Purchasing centric individual quantitative measures of how many transactions and how fast.
  • Blaming other departments for inability to deliver better results
  • You must sit at your desk and process transaction. (Better to get rid of your desk altogether)
The above skills and approaches were and still are common. Now they are not going to be relevant and will label you as not being ready for the changes.
So what will change in the next couple of years and what do you need to start thinking about?
  • Everything becomes a commodity
  • Syndicated Commerce World class tools and supply chains are available for all sizes of organizations at essential no cost Everyone is a Buyer and Seller Purchasing contributes directly to revenue generation as well as cost saving
  • Big Data will: Smooth planning cycles - end of "Bullwhip Effect" Create relevance to offers to Buyers that create more specific value
  • Creating a better Purchasing customer experience will be key to drive value
  • Procure to pay operations will be totally automated.
  • The word foreign is losing its meaning (Borrowed from United Airlines)
How can you prepare now to survive the transition? In every job whether operational or strategic be ready to, explain current process and present how to revolutionize it. Start to understand use of "Big Data" and 'Syndicated Commerce." Do not be afraid to be part of transformation of process - become process owner and manager
Becoming a deep subject matter expert Commodity Manager will be a high reward job. In fact better for 2 subject categories.
Once the transition is complete what will you then need to thrive?
  • Much more Strategic view with ability to contribute directly to revenue generation
  • Strong IT understanding on a systems level with ability to deliver systems that match "internal customers needs.
  • Truly global view and experience
  • Soft Skills more important
There is no question that young people graduating from undergraduate and masters courses in Purchasing and Supply will have these views. Also it is very likely that the function of Purchasing and Supply does not rest mainly in a single organization but rather is more dispersed across organizations. What will be more centralized is the development of tools, collection and use of Big Data and the recruitment,development and management of global purchasing and supply professionals. The end result for those with the right talent and motivation will be opportunities for wealth, growth and leadership that were unthinkable even 20 years ago. A glimpse of that potential is Tim Cook who leads Apple now and essentially worked his way to that position by his expertise developing the world-class supply chain of the most valuable company in the world.

Sunday, November 4, 2012

Increase the Performance

The performance of commercial flooring is as good as the product will allow. However, there are numerous things that you can implement that will increase the lifecycle and performance of a new floor covering.
Carpet should be maintained using a correct maintenance programme by a professional cleaning company from the moment it is installed, this should comprise of regular visits to carry out spot removal and deep cleaning to high traffic areas. The application of a carpet protector spray will help with the cleaning, maintenance and performance of the carpet, what it won't do is provide bullet proof protection for the carpet as many people believe will be the case. If staff have access to drinks machine or kitchen areas where they make food or drinks, these areas should be monitored closely and if tea/coffee spillages are becoming a problem consider limiting drinks to specific areas that can be contained.
Vinyl floors can range from basic tiles through to luxury vinyl tiles incorporating a PU sealant. The floor type will depend on the installation type, foot traffic and what happens on a cleaning and maintenance basis, if a vinyl floor has been installed in a warehouse environment, the foot traffic is heavy, it will need an additional protective sealant applied to maintain the surface. Like most floor coverings it is the grit and dirt that will affect and damage the surface, it is important to minimise this as much as possible especially in high footfall areas where is can quickly scratch the tile surface if not sealed. PU sealants are available for further protection, these will provide a lot more protection against the traditional dressings or emulsion polishes and will carry a 3 year warranty in some cases.
Stone is a luxury product that finds its way into various commercial buildings, whether it is marble, granite, slate, limestone, travertine, basalt, sandstone or some other natural stone. These products have been perceived to be very hard wearing and almost maintenance free in the past, it should not be overlooked as a material that requires no maintenance! All of the above stone types can be diamond ground to a smooth finish that will enhance the appearance, this can be enhanced further by specialist sealants, colour enhancers, vitrification processes. Sealants can vary dramatically in quality, some are topical and others are impregnating, water or solvent based, the use of the correct sealant will extend the lifespan, performance and appearance of such a beautiful natural material.
Wood has been increasing in popularity since the late 90's and has made its way into numerous commercial venues ranging from sports arenas to high street wine bars. All will need regular maintenance or treatment to extend the lifecycle of the chosen timber, this can be dependent on where the floor is installed, what type of timber it is, hardwood or softwood and even what type of floor has been installed, solid or engineered (egineered has a wear layer of real wood on a softwood backing). Foot fall and access for treatment will determin the type of finish to choose, lacquers, oils, wax-oils all provide varying levels of protection, lacquers are the most hard wearing and layers can be applied to provide a very hard wearing finish in very high traffic areas. Oils and wax-oils are still a commercial option as they can be layered also, they will give a more natural appearance, however the drying times and window of opportunity have to be considered in all product options. If the wood is maintained properly it will extend the lifecycle of the floor for many years.

Sunday, October 28, 2012

How Filtration Actually Works

Many of the products that we use on a daily basis come from businesses who have a need for some form of filtration. It doesn't matter if we are shopping in an office supply store or if we are in our local grocery store, at some point or another, that filtration has taken place. What are some of the ways that filtration has helped to make a difference in today's society and what are some of the unusual ways in which this filtration is used? The answer to that question may surprise you.
One of the more common ways that filtration is used is in the food and beverage industry. In fact, this is an industry that is constantly changing and there are always going to be new applications to the filters that are being used. For example, every time you pick up a bottle of juice at the grocery store, some type of filtration process is going to have to take place. In some case, ultrafiltration or nanofiltration are going to be used in this case. This will help to filter out many of the different elements of the juice that could be harmful if they were allowed to stay in. For example, some of the proteins may be filtered out of the juice as can be detected in a search. Microorganisms can also effectively be removed from the juice if the right type of filtration is used. This can help to keep it fresh, as well as the possibility that health issues are kept to a minimum.
Another interesting way that filtration is used is in a process known as fragrance recovery. This is something that many of us don't consider but it is something that many of us use. Filters can help to concentrate the aromas that are in various foods and other products. Those aromas are then used to add artificial fragrances to a variety of products. In fact, without this type of filtration, it is likely that many of the products that you purchase at the store are not going to have the same appeal. The manufacturers understand this which is why they use fragrance recovery to make sure that you are getting a product that smells authentic.
The automobile painting industry is also going to use filtration on a regular basis. Anode cell filtration can be fitted to the paint tank that is used in those types of industries. It will help to keep any impurities from ending up in the paint which is going to cause problems once it hits the automobile. It can also help to maintain the chemistry of the paint bath so that problems are less likely to occur, as it will be more stable.
The uses of filtration in industry is almost endless. As you continue to look at the various ways that this technology is applied to industry, you will quickly discover that almost everything that you touch is filtered in some way or another. It is part of the modern world that is not going to go away anytime soon.

Sunday, October 21, 2012

Tactics to Creating a Successful Nonprofit Organization

Developing a profitable nonprofit organization demands commitment; focus on your nonprofit's mission and a robust accounting program. There is quite a bit involved in developing a nonprofit organization which includes establishing a mission statement, market analysis, getting board members, estimating money requirements, bookkeeping and accounting software. You have to also have a good business plan, raise money and have a strategic plan in place.
Running a nonprofit organization will not be precisely the same as operating a traditional profit-driven business. A nonprofit purpose is to further a mission with the public interest so its success is measured in a different way than in a for-profit business. Drafting a mission statement requires quite a bit of care and attention, and conscientious thought need to be placed into articulating it to steer the organization within the future.
Selecting board of directors to direct the organization is among the most significant methods to building a prosperous nonprofit organization. The board of directors maintains the organization's general path and set polices. They also focus on fundraising goals and the nonprofit's goals. The board members must share common qualities and traits. It's a good concept if board members are prepared to help fund raising attempts, are diverse, have ties with the community and share a dedication to the nonprofit's mission.
Financial management is among the most significant variables to a successful nonprofit organization. This involves budgeting, projecting cash flow, forecasting revenues, making financial statements, for example: statement of financial position, profit and loss statements and balance sheets. There may also be audits, reviews and compilations as well as reporting needs. The implementation of a financial management system is very important to operating a nonprofit organization. Getting a clear understanding of how money will come in and out will assist to generate smart financial choices.
Setting up the budget aids to help keep track on the funds that flows in and out of the organization, while accounting and bookkeeping aids to help keep track of the actual income that flows in and of your organization. A really good accounting software package for example QuickBooks Nonprofit edition will help keep your financial data organized and create precise tax returns. When you are not acquainted with nonprofit accounting it's in all probability a great idea to contact a qualified nonprofit accountant to assist with the process. This can also assist you to steer clear of the penalties related with mishandling nonprofit funds, pace your business's development effectively, set proper fundraising targets and lessen taxes on business income.

Sunday, October 14, 2012

The Benefits of Elevator Service

Sometimes people tell stories about getting trapped in elevator cars. The lift loses power or gets stuck between floors of the building. Nowadays, this is a lot less likely to happen. The advances in modern elevator service and repair are part of the reason.
Imagine what the world would be like if this necessary commodity did not exist. People in large cities with skyscrapers everywhere would constantly struggle to climb many flights of stairs just to reach an office or hotel room. For the sake of convenience, it is critical that these units run efficiently all the time. It is absolutely vital that people are able ascend to their destinations quickly and with relative ease. It is obvious that convenience and safety should go together where these indispensable units are concerned.
It makes sense that some repair companies may be better than others. Some are more professional when it comes to installation, maintenance, or repairs. A few things to consider when looking for an elevator maintenance provider are if they use the latest service techniques and if they offer a warranty.
Today, a computer analysis is generally used to check the working order of your lift. You may not realize it, but the most frequent problem to have with this apparatus involves the doors. They seem to break down more than anything else. The doors to hospital elevators have to be serviced very often. It is because they are opening and closing constantly and at all times of the day and night. Besides repetitive usage, there's another reason for their failure. Each unit actually has two doors that open and close twice every time transport stops, making them extremely susceptible to malfunction. One of the best ways to make sure your unit works properly is to devise a regular elevator service maintenance schedule. This will ensure that the lift can continue to carry people where they need to go.
Is your unit desperately in need of an update? It is a wise move to renovate the units in your building on a regular basis. This can be quite expensive, but there are ways to save money. For instance, vegetable-based oils used on parts of the system in the shaft can be substituted for petroleum-based oils. In the long run, you will not have to pay to dispose of the oils.
Anyone who owns or manages a building should consider how regularly scheduled elevator service will benefit their business. When people step onto the car, they trust that the mechanisms are going to work to transport them somewhere without taking the stairs. But, in order for this to happen, they must work well and be properly maintained.

Sunday, October 7, 2012

Market a Furniture Installation Service

Some business owners are not aware of how important target marketing is. Because of this they end up making the mistake of mass marketing, instead. What this means is that they believe that marketing to the general population is the best idea. However, this is not necessarily true. In many cases, this can actually be a waste of time and money.
Let's say you want to open up a furniture installation service in your town. Instead of printing off a bunch of posters, flyers and brochures or putting up billboards in random locations all across town, your strategy should be more targeted to specific groups of people. Now, of course this doesn't mean that you need to target your business to a certain gender, race or ethnicity group. However, you should try to decide what type of people would need your services most.
For example, one group of people that would possibly need furniture installation services are those who own business offices or office space. Businesses are constantly moving and changing locations. If they aren't changing locations, then they are probably remodeling their offices. When this occurs they will need someone to come and install their office equipment for them. This is where your business would come in. So, it would be a good idea to notify these entities about the services that you will be offering. They may not need your assistance right then and there, but they will more than likely remember you if they are ever in need.
Another group that you could target would be homeowners or people who are looking to buy homes. When it comes to those looking for homes, they could always use some extra assistance. This is especially true if they don't have family members and friends who can assist them. On the other hand, you may be wondering why a homeowner with no intentions on moving would need your help. Well, although they may not need help moving, they may need help with new furniture pieces that they purchase. For instance, some homeowners decide at one point to do a total overhaul in their homes, where they change out almost everything. Your company can assist them in this endeavor.
So, as you can see if you ever decide to open a furniture installation business, it is best to be purposeful when it comes to the group of people that you target. Choosing a target market or audience will give you a better chance of landing customers. It will also help you save tons of money.

Sunday, September 30, 2012

How You Can Make Money

They say nothing in life is certain but death and taxes, and this is as true in the realm of property as it is anywhere else. Of course, some people don't like to face up to either. When a real estate owner fails to live up to his responsibilities to the government, the authority in charge of such matters will issue a lien on the property. At that point, the homeowner has a certain time period during which he can pay the owed amount. If he fails to do so, the property will be forfeited to the state or local government. This is where you come in. The government will put the home up for auction at a tax sale. This can represent a golden opportunity to make some money.
The Two Ways
Not every tax sale is the same. Generally speaking, you're going to run across two primary types: the lien auction and the deed auction. When you visit a lien auction, you'll find the county government selling off the actual debt to private investors. Once this transaction takes place, it's like a business selling off their bad debt to a collections agency. It is the investor's responsibility to get the owed amount from the homeowner. If the homeowner can't pay, the property itself may pass to the investor. The other type is the deed auction. This is where the government has already foreclosed on the house and now wants to get rid of the property for at least the amount of the back taxes. This, too, can be very profitable for investors.
The Lien Auction
One of the main advantages of investing in the lien auction is that you are guaranteed a profitable interest rates. Investors look to a tax sale of this kind as a chance to become a sort of default lender. They become a legal loan shark, of a sort. The only difference is that investors aren't going to send someone to break the leg of the homeowner should he be unable to come up with the interest. If enough time passes, however, they will be able to take the homeowner to court and sue them for the rights to the property. That said, don't get into lien auctions with the hope of landing cheap properties, as most owners will come up with the money in time.
The Deed Auction
If you want to own property, this is the tax sale you want to look for. While much rarer than lien auctions, they can represent a wonderful opportunity to buy property for a song. The government is only interested in getting the taxes and their overhead off the books. Once that minimum has been met, only the bidding will determine how much the home goes for. Get in at the right time, and you could get a house you can flip for a profit of thousands.